JR Joban Line railway market report

JR Joban Line Land market overview

The average price of JR Joban Line (Toride to Ootsukou) Land, in Jan, 2019 to Jun, 2019 was 21,710 JPY/sq.m. The market value represents a decrease of 1,845 JPY (-7.8%) compared to 1 year ago and a transition to a bear market. 394 properties exchanged hands ( The market value represents a decrease of 470 (-54.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 572.9 sq.m (a +3.9% increase compared to the 551.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

16 stations have experienced increased prices; 12 stations have experienced decreased prices. The overall trend was the same as last year. Toride, Kanndatsu, Iwama, Oomika, Juuou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Iwama station, where prices have increased +65.5% compared to last year; a sq.m unit now costs 12,528 JPY/sq.m.

The top 2 stations has seen prices increase +46.9% (+4,367 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -54.6% (-10,439 JPY/sq.m).

Cause of price increases

  • A slight increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.7% of total transactions in 2018 and 1.8% of total transactions in 2019)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 0.9% of total transactions in 2018 and 0.5% of total transactions in 2019)

Land stations market overview

The average price of Hitachi Land, the highest market value along this railway was 38,687 JPY/sq.m. The market value represents an increase of 5,993 JPY (+18.3%) compared to 1 year ago and a transition to a bull market. 12 properties exchanged hands ( The market value represents a decrease of 11 (-47.8%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Minaminakagou Land, the lowest market value along this railway was 3,395 JPY/sq.m. The market value represents a decrease of 4,913 JPY (-59.1%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 4 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

JR Joban Line (Stations Land market overview)
JR Joban LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Toride27,457 JPYsq.m
(0.0389sq.m)
22,466 JPYsq.m
(0.0167sq.m)
31,130 JPYsq.m
(0.0182sq.m)
Fujishiro11,604 JPYsq.m
(0.0975sq.m)
11,464 JPYsq.m
(0.0653sq.m)
25,924 JPYsq.m
(0.0559sq.m)
Sanuki25,622 JPYsq.m
(0.0374sq.m)
27,951 JPYsq.m
(0.0253sq.m)
20,495 JPYsq.m
(0.0482sq.m)
Ushiku26,997 JPYsq.m
(0.0416sq.m)
24,069 JPYsq.m
(0.0377sq.m)
22,083 JPYsq.m
(0.0440sq.m)
Hitachinoushiku33,219 JPYsq.m
(0.0480sq.m)
38,176 JPYsq.m
(0.0677sq.m)
27,507 JPYsq.m
(0.0582sq.m)
Arakawaoki16,581 JPYsq.m
(0.0613sq.m)
18,088 JPYsq.m
(0.0571sq.m)
26,279 JPYsq.m
(0.0477sq.m)
Tsuchiura20,531 JPYsq.m
(0.0612sq.m)
17,224 JPYsq.m
(0.0680sq.m)
23,819 JPYsq.m
(0.0633sq.m)
Kanndatsu17,103 JPYsq.m
(0.0500sq.m)
13,326 JPYsq.m
(0.0792sq.m)
15,606 JPYsq.m
(0.0862sq.m)
Takahama3,856 JPYsq.m
(0.0980sq.m)
4,975 JPYsq.m
(0.0932sq.m)
6,757 JPYsq.m
(0.0760sq.m)
Ishioka18,583 JPYsq.m
(0.0611sq.m)
16,730 JPYsq.m
(0.0633sq.m)
11,243 JPYsq.m
(0.0604sq.m)
Hatori9,683 JPYsq.m
(0.0665sq.m)
8,800 JPYsq.m
(0.0570sq.m)
4,989 JPYsq.m
(0.0661sq.m)
Iwama12,528 JPYsq.m
(0.0797sq.m)
7,570 JPYsq.m
(0.0789sq.m)
4,155 JPYsq.m
(0.0579sq.m)
Tomobe12,707 JPYsq.m
(0.0783sq.m)
24,362 JPYsq.m
(0.0366sq.m)
17,467 JPYsq.m
(0.0763sq.m)
Uchihara10,103 JPYsq.m
(0.0392sq.m)
17,262 JPYsq.m
(0.0475sq.m)
20,045 JPYsq.m
(0.0380sq.m)
Akatsuka27,046 JPYsq.m
(0.0595sq.m)
25,676 JPYsq.m
(0.0624sq.m)
33,217 JPYsq.m
(0.0401sq.m)
Kairakuenn---
Mito31,093 JPYsq.m
(0.0486sq.m)
35,330 JPYsq.m
(0.0417sq.m)
36,183 JPYsq.m
(0.0615sq.m)
Katsuta30,842 JPYsq.m
(0.0420sq.m)
29,106 JPYsq.m
(0.0539sq.m)
31,592 JPYsq.m
(0.0597sq.m)
Sawa26,697 JPYsq.m
(0.0272sq.m)
27,914 JPYsq.m
(0.0357sq.m)
25,858 JPYsq.m
(0.0905sq.m)
Toukai23,253 JPYsq.m
(0.0838sq.m)
25,116 JPYsq.m
(0.0602sq.m)
36,626 JPYsq.m
(0.0552sq.m)
Oomika26,872 JPYsq.m
(0.0279sq.m)
21,208 JPYsq.m
(0.0494sq.m)
36,009 JPYsq.m
(0.0315sq.m)
Hitachitaga36,118 JPYsq.m
(0.0316sq.m)
34,758 JPYsq.m
(0.0493sq.m)
34,914 JPYsq.m
(0.0348sq.m)
Hitachi38,687 JPYsq.m
(0.0521sq.m)
32,694 JPYsq.m
(0.0536sq.m)
29,599 JPYsq.m
(0.0457sq.m)
Ogitsu15,987 JPYsq.m
(0.0526sq.m)
31,953 JPYsq.m
(0.0318sq.m)
30,772 JPYsq.m
(0.0440sq.m)
Juuou26,482 JPYsq.m
(0.0347sq.m)
21,398 JPYsq.m
(0.0414sq.m)
23,668 JPYsq.m
(0.0520sq.m)
Takahagi8,227 JPYsq.m
(0.0361sq.m)
11,810 JPYsq.m
(0.0579sq.m)
9,023 JPYsq.m
(0.0361sq.m)
Minaminakagou3,395 JPYsq.m
(0.01,006sq.m)
8,307 JPYsq.m
(0.0888sq.m)
8,972 JPYsq.m
(0.01,466sq.m)
Isohara13,076 JPYsq.m
(0.0561sq.m)
10,930 JPYsq.m
(0.0568sq.m)
10,544 JPYsq.m
(0.0836sq.m)
Ootsukou16,427 JPYsq.m
(0.0277sq.m)
16,313 JPYsq.m
(0.0404sq.m)
9,175 JPYsq.m
(0.0167sq.m)

*Average unit prices per sq.m of Land at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

Noteworthy stations

Iwama12,528 JPY/sq.m (+65% compared with the previous year)

The average price of Iwama Land was 12,528 JPY/sq.m. The market value represents an increase of 4,957 JPY (+65.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 5 (-62.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 796.7 sq.m (a +0.9% increase compared to the 789.4 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 37.9 min in 2018 and 46.0 min in 2019; +21.5%)

Kanndatsu17,103 JPY/sq.m (+28% compared with the previous year)

The average price of Kanndatsu Land was 17,103 JPY/sq.m. The market value represents an increase of 3,777 JPY (+28.3%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 34 (-77.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 500.0 sq.m (a -36.9% decrease compared to the 791.8 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 2.3% of total transactions in 2018 and 10.0% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 44.1 min in 2018 and 57.1 min in 2019; +29.6%)

Minaminakagou3,395 JPY/sq.m (-59% compared with the previous year)

The average price of Minaminakagou Land was 3,395 JPY/sq.m. The market value represents a decrease of 4,913 JPY (-59.1%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 4 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1006.0 sq.m (a +13.2% increase compared to the 888.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 17.2 min in 2018 and 23.6 min in 2019; +37.5%)

Ogitsu15,987 JPY/sq.m (-50% compared with the previous year)

The average price of Ogitsu Land was 15,987 JPY/sq.m. The market value represents a decrease of 15,966 JPY (-50.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 6 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 526.0 sq.m (a +65.2% increase compared to the 318.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.8 min in 2018 and 23.5 min in 2019; +100.0%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)